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Definition: Capital flight
Category: OECD - Non-Observed Economy
Capital flight may be defined as transfer of assets denominated in a national currency into assets denominated in a foreign currency, either at home or abroad, in ways that are not part of normal transactions. http://ec.europa.eu/eurostat/ramon/statmanuals/files/oecd_measuring_non_observed_economy_2002_EN.pdf#page=188
Source:
Organization for Economic Cooperation and Development (OECD), "Measuring the Non-Observed Economy - A Handbook", OECD, Paris, 2002
Organization for Economic Cooperation and Development (OECD), "Measuring the Non-Observed Economy - A Handbook", OECD, Paris, 2002
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